Tagged: payments

March 17, 2021 @ 10:05 am By Samantha Hurst  |  

  Flutterwave, a U.S. and Lagos-based fintech that’s on a mission to build payments infrastructures to connect Africa to the global economy, announced on Wednesday it has joined force with global digital payments giant PayPal. Flutterwave reported that through the partnership, PayPal customers will be enabled to… Read More

March 14, 2021 @ 10:13 pm By Omar Faridi  |  

Russian technology firms Yandex, Mail.ru Group, Ozon and Wildberries are reportedly creating their own Fintech platforms so that they can potentially compete with some of the largest banks in the country, according to a report from Forbes Russia. As first reported by the New Economy… Read More

March 14, 2021 @ 9:53 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, stated on Wednesday (March 11, 2021) that all local banking institutions should offer a set of minimum services for Internet banking and mobile banking. The SBP says it wants to encourage or promote the use… Read More

March 14, 2021 @ 2:10 pm By Omar Faridi  |  

The third edition of Startupbootcamp Fintech Dubai’s accelerator program has now concluded. During the Demo Day, there were 11 startups that pitched their ideas to potential investors, corporate partners, industry experts, mentors, and the general public. Startupbootcamp Fintech Dubai was introduced in 2018 through a… Read More

March 14, 2021 @ 12:57 pm By Omar Faridi  |  

Crypto exchange OKCoin confirms that they recently became one of the first digital asset trading platforms to implement the Lightning Network (LN), which is a layer-two scaling solution enabling the faster and more efficient transfer of BTC. OKCoin has awarded a new grant to Bitcoin… Read More

March 11, 2021 @ 10:22 pm By Omar Faridi  |  

South Africa based Fintech group Adumo has secured R225 million (appr. $14.9 million) in capital from the International Finance Corporation (IFC), which is a member of the World Bank Group. The IFC Financial Institutions Growth Fund also contributed investments in order to expand access to… Read More

March 11, 2021 @ 7:20 pm By Omar Faridi  |  

JPMorgan Chase & Co  (NYSE:JPM) has reportedly hired former HSBC Holdings executive Jeremy Balkin to serve as the bank’s Head of Fintech and Innovation for handling wholesale payments. In his new role, Balkin is expected to manage Fintech and related innovation projects with a focus… Read More

March 10, 2021 @ 11:55 pm By Omar Faridi  |  

Stanimir Vassilev, Co-Founder at Management Financial Group (MFG), reveals that Settle is now live in Bulgaria. Vassilev confirmed that Bulgarians are now able to send and receive money “instantly for free” with this new Fintech app that requires “no top-up.” He also mentioned that local… Read More

March 10, 2021 @ 11:01 pm By Omar Faridi  |  

Open Banking payments platform, Token, and BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), have introduced an online payments service which aims to leverage the power… Read More

March 10, 2021 @ 9:18 pm By Omar Faridi  |  

Deepu K Sasidharan, Developer Advocate at payments platform Adyen (AMS:ADYEN), notes that the Payment Request API and the Payment Handler API are new W3C web standards that aim to make the payments process easier on websites. Sasidharan explains that these new standards aim to provide… Read More

March 10, 2021 @ 7:19 am By Omar Faridi  |  

JPMorgan (NYSE:JPM) will reportedly be closing down its Chase Pay method of making payments for apps and websites effective March 31, 2021. Chase bank’s full list of retailers accepting the payment method, which includes Shell, Starbucks, and Walmart customers will be affected by the suspension… Read More

March 9, 2021 @ 11:11 pm By Omar Faridi  |  

Indonesia’s digital wallet platform LinkAja has chosen Indian software firm PureSoftware’s Arttha digital payments suite which will be powering the wallet provider’s core systems. The move is said to be consistent with LinkAja’s goal to further expand and strengthen its market presence as a payment… Read More

March 9, 2021 @ 3:47 pm By Samantha Hurst  |  

    Global fintech infrastructure platform, Nium, announced on Tuesday its clients are now able to send funds to their business partners located in Ghana, Kenya, South Africa, and Tanzania. Customers of Nium are also able to extend this service to their own consumers.  “Traditionally, businesses, fintechs and even consumers looking… Read More

March 8, 2021 @ 3:32 pm By Samantha Hurst  |  

  Citi announced on Monday the launch of a new service for its institutional clients that speeds up the processing of their cross-border payments through the digitization of supporting documents. Citi reported the service, which is being rolled out initially in South Africa, is claimed… Read More

March 5, 2021 @ 10:10 pm By Omar Faridi  |  

GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base… Read More

March 5, 2021 @ 8:15 pm By Omar Faridi  |  

Indonesia-based Fintech firm PAYFAZZ has revealed that it invested $30 million in Xfers, a Singapore-headquartered business. The investment was made to establish a new financial entity, known as the Fazz Financial Group (FFG). PAYFAZZ stated that the companies will be keeping their respective names while… Read More

March 5, 2021 @ 10:21 am By Omar Faridi  |  

Rachel Mayer, VP at CirclePay, notes that as non-fungible tokens (NFTs) rise in popularity, the operators or managers of NFT marketplaces and storefronts will be needing to remove entry barriers for their users. Mayer points out that more consumers in and outside of the crypto… Read More

March 4, 2021 @ 11:05 pm By Omar Faridi  |  

The Philippines’ Securities and Exchange Commission (SEC) has introduced its online payment system for firms so they can easily pay their registration fees. The new SEC Payment Portal is a web-based system that can accept payment for registrations, transaction fees, and penalties by simply using… Read More

March 4, 2021 @ 10:29 am By Samantha Hurst  |  

    kevin., a Lithuania-based Fintech startup, announced earlier this week the launch of its “switching” product, which allows customers to switch from card payments to account-to-account payments during the payment flow through a PSD2-based open API. The launch of the product comes just a… Read More

March 3, 2021 @ 2:18 pm By Samantha Hurst  |  

  Payment processing and global retail banking platform Klarna announced on Wednesday it has expanded its open banking solution to eight more  European countries. The countries are  Portugal, Denmark, Luxembourg, Ireland, Croatia, Estonia, Lithuania, and Latvia. According to Klarna, the solution processes more than 150 million transactions per year, offers third-party providers access to… Read More